Housing Starts and Building Permits Exhibit New Found Strength
Total housing starts jumped 20.2% from March to April to hit an annualized pace of 1.14 million with single-family starts jumping by 16.7% to 733,000. Building permits rose 10.1% from March to April to reach 1.18 million. Of that figure, single-family permits accounted for 666,000 permits, an increase of 3.7% over March.
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